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Foresight AutonomousHoldings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the“Company”), an innovator in automotive vision systems, announcedtoday that its wholly owned subsidiary, Eye-Net Mobile Ltd.(“Eye-Net”), successfully completed a technological roadshow ofthe Eye-Net Protect™ solution in Japan. Earlier this month, Eye-Netdemonstrated the technology for 20 automotive-related companies,including five leading Japanese vehicle manufacturers (OEMs), Tier Oneand Tier Two suppliers, as well as 11 dashboard cameras (dashcam)companies.
Eye-Net’s successful demonstrations generated significantinterest among several world-leading OEMs and manufacturers ofcomplementary equipment to the automotive industry (includinginfotainment systems and dashcams) who expressed interest in pursuingfurther technological evaluation.
Eye-Net’s technological demonstrations topotential customers serve to showcase the Company’s latestdevelopments and the potential of its Eye-Net Protect family ofproducts to enhance road safety and tackle “beyond-line-of-sight”scenarios which are not covered by any existing advanced driverassistant systems (ADAS).
Eye-Net Mobile is an innovative technology companyproviding solutions to enhance road safety and situational awarenessfor all road users. Eye-Net protects road users from potentialcollisions by delivering accurate, real-time collision alerts.
Eye-Net’s uniquecellular-based vehicle-to-everything (V2X) collision prediction andprevention software platform incorporates AI-powered algorithms thatenhance road safety by providing alerts directly to smartphones,infotainment systems, head up displays (HUD), and dashcams.
For more informationabout Eye-Net Mobile, please visit www.eyenet-mobile.com , orfollow the Company’s LinkedIn page, ; Twitter, ; andInstagram channel, Eyenetmobile1 , thecontents of which are not incorporated into this press release.
Forward-LookingStatements
This press release contains forward-looking statements withinthe meaning of the "safe harbor" provisions of the PrivateSecurities Litigation Reform Act of 1995 and other Federal securitieslaws. Words such as "expects," "anticipates,""intends," "plans," "believes,""seeks," "estimates" and similar expressions orvariations of such words are intended to identify forward-lookingstatements. For example, Foresight is using forward-looking statementsin this press release when it discusses the pursuit of furthertechnological evaluation with OEMs and manufacturers of complementaryequipment to the automotive industry, the potential of its Eye-NetProtect family of products to enhance road safety and tackle“beyond-line of sight” scenarios which are not covered by anyexisting ADAS, the development of its products and solutions, and theability of its solutions to be applied to different markets. Becausesuch statements deal with future events and are based on Foresight’scurrent expectations, they are subject to various risks anduncertainties, and actual results, performance or achievements ofForesight could differ materially from those described in or impliedby the statements in this press release.
The forward-looking statements contained or implied in thispress release are subject to other risks and uncertainties, includingthose discussed under the heading "Risk Factors" inForesight's annual report on Form 20-F filed with the Securitiesand Exchange Commission ("SEC") on March 31, 2022, and in anysubsequent filings with the SEC. Except as otherwise required by law,Foresight undertakes no obligation to publicly release any revisionsto these forward-looking statements to reflect events or circumstancesafter the date hereof or to reflect the occurrence of unanticipatedevents. References and links to websites have been provided as aconvenience, and the information contained on such websites is notincorporated by reference into this press release. Foresight is notresponsible for the contents of third-party websites.
About Foresight
Foresight AutonomousHoldings Ltd. (Nasdaq and TASE: FRSX) is a technology companydeveloping smart multi-spectral vision software solutions andcellular-based applications. Through the Company’s wholly ownedsubsidiaries, Foresight Automotive Ltd., Foresight ChangzhouAutomotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both“in-line-of-sight” vision systems and “beyond-line-of-sight”accident-prevention solutions.
Foresight’s vision solutionsinclude modules of automatic calibration and dense three-dimensional(3D) point cloud that can be applied to different markets such asautomotive, defense, autonomous vehicles and heavy industrialequipment. Eye-Net Mobile’s cellular-based solution suite providesreal-time pre-collision alerts to enhance road safety and situationalawareness for all road users in the urban mobility environment byincorporating cutting-edge AI technology and advancedanalytics.
For more information about Foresight and its whollyowned subsidiary, Foresight Automotive, visit www.foresightauto.com , follow onTwitter, or join on LinkedIn.
ContactDetails
Investor Relations Contact:
MiriSegal-Scharia, CEO, MS-IR LLC
+1 917-607-8654
CompanyWebsite
https://www.foresightauto.com/
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